Norinchukin Bank The Boosts Position in Bed Bath & Beyond Inc. (BBBY)

Norinchukin Bank The boosted its stake in Bed Bath & Beyond Inc. (NASDAQ:BBBY) by 6.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,242 shares of the retailer’s stock after acquiring an additional 3,084 shares during the quarter. Norinchukin Bank The’s holdings in Bed Bath & Beyond were worth $1,619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Amalgamated Bank lifted its position in Bed Bath & Beyond by 0.3% in the 1st quarter. Amalgamated Bank now owns 10,575 shares of the retailer’s stock valued at $417,000 after acquiring an additional 32 shares in the last quarter. Nordea Investment Management AB lifted its position in Bed Bath & Beyond by 1.7% during the 1st quarter. Nordea Investment Management AB now owns 7,704 shares of the retailer’s stock worth $304,000 after buying an additional 129 shares in the last quarter. Blair William & Co. IL lifted its position in Bed Bath & Beyond by 1.5% during the 1st quarter. Blair William & Co. IL now owns 14,012 shares of the retailer’s stock worth $566,000 after buying an additional 213 shares in the last quarter. ARGI Investment Services LLC lifted its position in Bed Bath & Beyond by 1.1% during the 1st quarter. ARGI Investment Services LLC now owns 27,289 shares of the retailer’s stock worth $1,076,000 after buying an additional 284 shares in the last quarter. Finally, Fairbanks Capital Management Inc. lifted its position in Bed Bath & Beyond by 1.7% during the 2nd quarter. Fairbanks Capital Management Inc. now owns 16,861 shares of the retailer’s stock worth $512,000 after buying an additional 285 shares in the last quarter. 93.35% of the stock is currently owned by institutional investors and hedge funds.

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Several equities research analysts have commented on BBBY shares. ValuEngine cut shares of Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Zacks Investment Research cut shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Monday, June 12th. Wolfe Research cut shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 price target on the stock. in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating and set a $38.00 price target on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Finally, Robert W. Baird reissued a “neutral” rating and set a $38.00 price target (down from $42.00) on shares of Bed Bath & Beyond in a research report on Monday, June 19th. Nine research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $34.94.

Bed Bath & Beyond Inc. (NASDAQ BBBY) opened at 28.67 on Friday. Bed Bath & Beyond Inc. has a 52 week low of $26.96 and a 52 week high of $48.83. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 6.60 and a beta of 1.11. The company has a 50-day moving average of $28.55 and a 200-day moving average of $33.93.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.08). The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.79 billion. Bed Bath & Beyond had a return on equity of 24.38% and a net margin of 5.22%. The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. Equities research analysts forecast that Bed Bath & Beyond Inc. will post $4.02 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Shareholders of record on Friday, September 15th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio is 13.86%.

About Bed Bath & Beyond

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

Institutional Ownership by Quarter for Bed Bath & Beyond (NASDAQ:BBBY)

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